- Shopping Center in Las Vegas, NV: 27,101 SF attractive shopping center consisting of four buildings completed in 2008 on 2.65 ac lot next to I-215. 97% NNN leased. NOI $513K/yr. $7.341M. 7% cap.
- Shopping Center in Sal Lake City, UT: 60,318 SF shopping center on over 4 ac lot at a hard corner location. Multiple access of ingress/egress. Close to I-15/80. 100% leased with good tenant mix such as: EX Loan, Apex Staffing, TASC, multiple restaurants and the major office tenant is Salt Lake County Criminal Justice center. Pro forma NOI $659K/yr. $8.79M. 7.50% cap.
- Popeye’s in Raytown, MO: 2882 SF franchised fast food restaurant on 1 ac lot in Kansas City suburbs. Across from Walmart Supercenter. 100% absolute NNN lease with 9-yrs left. NOI $80K/yr with 7.5% rent bumps every 5-yrs. $1.15M. 7% cap.
- Jack in the Box in Houston, TX: 3016 SF Jack in the Box on .69 ac lot just off of I-45 and across from 1.5M SF Greenspoint Mall. 100% NNN corp lease with 9-yrs left. NOI $72K/yr with a CPI rent increase in 2015. $1.203M. 6% cap.
- Starbucks Coffee in Racine, WI: 1,738 SF attractive drive-thru Starbucks Coffee on .45 ac lot in Milwaukee suburbs. Outparcel to 872,409 SF Regency Mall, with over 110 stores. 100% NNN lease with 5 yrs left. NOI $86K/yr. $1.38M. 6.28% cap.
- Retail Center in Clive, IA: 5600 SF retail building in growing (pop growth 270.89% since 2000) and high income (AHI $150K/yr in 1 mile) Des Moines suburbs. 100% NNN leased to Cost Cutters, Farmer’s Insurance, Little Caesars and Cozy Café. NOI $97K/yr. $1.3M. 7.50% cap.
- Retail Building in Machesney Park, IL: 10,580 SF retail center in Rockford suburbs. 100% NNN leased to seven tenants. NOI $162K/yr. $1.8M. 9% cap.
(c) Transmercial 2014
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